04-03-2024, 01:56 PM
Hi weijian, thanks for pointing that out!
Indeed since they are paying off the lease liabilities every year, I should not include the depreciation of right-of-use assets when considering capex.
Just considering depreciation of PPE, average is around 20m, which is not that far off from the average capex.
Indeed since they are paying off the lease liabilities every year, I should not include the depreciation of right-of-use assets when considering capex.
Just considering depreciation of PPE, average is around 20m, which is not that far off from the average capex.